New Delhi, Sept. 24 -- Small-cap stock Shankara Building Products (SBPL) witnessed a significant drop in its share price on Wednesday, September 24 - a move that raised concerns among retail investors. Shankara Building Products' share price crashed 75% from its last close of Rs.990.50 on the National Stock Exchange (NSE).
However, investors need to worry as this fall is not a result of poor financial performance or market sentiment, but a technical adjustment following the demerger.
Shankara Building Products has transferred its trading business to Shankara Buildpro, wherein shareholders of SBPL were allotted one share of SBL for every one share held in the original company. With today being the record date, the adjustment in share pri...
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